Bank OZK Sells 705 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bank OZK lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,800 shares of the apparel and home fashions retailer’s stock after selling 705 shares during the period. TJX Companies comprises about 1.1% of Bank OZK’s portfolio, making the stock its 25th largest holding. Bank OZK’s holdings in TJX Companies were worth $2,754,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TJX. Howard Capital Management Group LLC lifted its stake in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after buying an additional 69,489 shares during the last quarter. Integrated Advisors Network LLC increased its holdings in TJX Companies by 11.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,384 shares of the apparel and home fashions retailer’s stock valued at $633,000 after buying an additional 538 shares during the period. Mutual Advisors LLC increased its holdings in TJX Companies by 5.0% in the 3rd quarter. Mutual Advisors LLC now owns 20,852 shares of the apparel and home fashions retailer’s stock valued at $2,381,000 after buying an additional 985 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of TJX Companies by 7.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 44,538 shares of the apparel and home fashions retailer’s stock valued at $5,235,000 after purchasing an additional 3,009 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in shares of TJX Companies by 34.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 10,518 shares of the apparel and home fashions retailer’s stock valued at $1,236,000 after purchasing an additional 2,689 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TJX. Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Up 1.1 %

Shares of NYSE TJX opened at $124.79 on Friday. The company has a market cap of $140.28 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. The firm’s fifty day moving average is $122.98 and its 200 day moving average is $119.95. The TJX Companies, Inc. has a 52 week low of $92.35 and a 52 week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies’s payout ratio is 35.29%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.